Law and Regulation

Package includes sponsor swap and £300m of contributions paid into scheme

ACA, APPT and SPP among those pressing for alignment with launch of guided retirement

Industry welcomes change but warns blocking powers for executors could cause delays

Insight Investment says DB surplus release policy could achieve ‘much more’

Measure will make it easier for trustees and employers to agree surplus extraction

Measure will come into force from April 2029

Louise Pettit and Richard Knight ask if changes will allow for one-off payments to members

But it says rethink does not guarantee that financial redress will be awarded

Reports say chancellor has also decided against cutting pension lump-sum withdrawals

TPR has now ceased its regulatory action against ITV and associated entities